Citizens Holding reports Q! EPS 33c vs 33c last year

Net interest margin increased 9 basis points to 3.34% for the three months ended March 31, 2026, from 3.25% for the three months ended December 31, 2025, and increased 37 bps from 2.97% for the three months ended March 31, 2025. Tangible book value per common share, as of March 31, 2026, was $8.89, an increase of $0.22 compared to $8.67 as of December 31, 2025, and an increase of $2.26 compared to $6.63 as of March 31, 2025. Reports CET1 ratio 10.99%. Stacy Brantley, CEO, stated, “I’m proud of the progress made by our team and the disciplined efforts to fortify the Company’s balance sheet and strengthen earnings. The first quarter of 2026 was pivotal as the Company was able to inject capital into the Bank, inching closer to strategic capital levels. We will continue to focus on strengthening capital over the remainder of 2026, better positioning the Company to take advantage of current and future opportunities. The Bank’s net interest margin was 3.34% for the quarter, expanding 9 bps over the prior quarter and 37 bps over the same quarter for the prior year. Margin expansion was primarily driven by lower funding costs during the quarter. Interest income was relatively flat, mirroring the Bank’s loan portfolio, which increased 0.4% over the prior quarter. Solid loan production during the quarter was offset by a few large commercial loan payoffs totaling approximately 5.3% of the portfolio. However, our banking teams have built a solid loan pipeline entering the second quarter and we expect loan growth to accelerate and further expand the net interest margin. The Company made significant progress toward key strategic goals during the quarter, especially with respect to capital and net interest margin. Stronger capital, reduced funding costs, and enhanced core earnings are the result of persistent efforts by our banking teams and Company leadership and are the foundation of future growth and expanded profitability. We will continue to seek solid organic growth by recruiting talented bankers and focusing on support of and investment in our banking teams and communities.”